How to Extract Trial Balance from Account Balances/Extraction/Preparation of Trial Balance

In this video we use the Double Entry Rule to help determine the account Balances that have Debit Balances as well as those that jlhave Credit Balances

Always remember the DEALER hint word.Explained in the video

NOTE:When the totals of the Debit and Credit sides of the Trial Balance don't equal,it means there is an error and so you create a Suspense Account and Debit it(if the difference was a Debit Balance) or Credit if the difference was a Credit Balance. After which a follow up is done to determine the error

We hope this video helps you better understand the criterion followed when extracting a Trial Balance.🙏
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[ericksonlectures]

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Kindly request on any topic you would need better understanding on, and we will be able to prepare you a video to help in that😊

[lawrencianwanna]

Your video is educative and helpful. Financial statement preparation throws me out of balance sometimes. But this is helpful Thanks for sharing.

[andersonkimeu]

This video was helpfull to me🙏
I have a challenge when you are asked to prepare FINANCIAL STATEMENTS like Income statement when you are given a Trial Balance, Sir could you please help😀

[annwhite]

For trail balance the debit side is 155, 080 and credit side is 158, 680 so that mean trail balance is not balance correctly